Huawei dollar bonds tank after CFO’s arrest

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By Addison Gong
06 Dec 2018

Huawei Investment & Holding Co's dollar bonds took a beating on Thursday morning following news of the arrest of its chief financial officer in Canada.

The Chinese smartphone and telecommunications equipment maker’s dollar curve widened by 30bp to 45bp on Thursday morning Asia time, dragging down the whole Chinese technology sector with it, according to traders. Existing dollar bonds from the likes of Alibaba Group Holding, Baidu, Lenovo Group, and Tencent Holdings ...

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